too many bears?, page-8

"I estimate at least 5 years of negative declines will
be required."

I think you are right on the money PHIL1

look at these two links on google trends for the phrase "property investment"

the first one shows Australia as the clear global winner with a trend that has been declining steadily

http://www.google.com/trends/?q=property+investment&ctab=0&geo=all&geor=all&date=all&sort=0

now switch to just australia

http://www.google.com/trends/?q=property+investment&ctab=0&geo=au&date=all&sort=0

and its business as usual. Looks like those in Canberra with well paid secure government jobs doing all the buying